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2025 budget will underperform, stakeholders caution

Economic stakeholders have projected that the 2025 proposed budget of N47.9 trillion may underperform due to its bullish assumptions. In the proposed budget, the naira was pegged at N1,400 to the dollar and the crude oil benchmark of $75 just a few weeks after Donald Trump emerged as the president of the United States of...
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Customs blame insecurity for fuel smuggling in Borno

The Nigeria Customs Service, Operation Whirlwind Zone A, has said that the insecurity in Borno State has made it impossible for its operatives to effectively tackle smugglers of Premium Motor Spirit, popularly known as petrol. The National Coordinator of Operation Whirlwind Zone A, Hussein Ejibunu, a Customs Area Controller, disclosed this on Friday in Ikeja...
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ADVAN unveils online marketplace

The Advertisers Association of Nigeria has launched ADVAN-X, an online brand marketplace to connect stakeholders and drive innovation. ADVAN President, Osamede Uwabanwem, announced this during a virtual press briefing, describing ADVAN-X as a hybrid platform offering both virtual and physical networking opportunities, according to a statement. Uwabanwem said, “ADVAN-X offers a dynamic hub for brands...
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Rural base station operations cost 35% more – Telcos

Telecommunication companies face significant cost pressures when deploying and operating base stations in rural areas, spending an average of 35 per cent more than in urban locations. GSMA, the global industry body for telcos, disclosed this in its November report. The document titled “Rural Renewal: Telcos and Sustainable Energy in Africa”, indicated the economic strain...
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NAICOM, NDPC partner to strengthen data protection

The National Insurance Commission and the Nigerian Data Protection Commission have signed a Memorandum of Understanding to strengthen data protection in the insurance sector. According to a statement from NAICOM, this is a significant step in enhancing data protection within the insurance sector. The statement said, “Some of the objectives of the MoU include training...
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FIIRO, breadmakers advocate alternatives to wheat

The Federal Institute of Industrial Research, Oshodi, and the Premium Breadmakers Association of Nigeria have stated the need to integrate affordable, locally sourced alternatives into the bread value chain, especially with cassava as a front-runner. This was the focus of the 2024 PBAN Members’ Day-Out in Lagos recently. FIIRO’s Director-General, Dr Jummai Tutuwa, represented by...
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I apologise for saying no heaven without tithe – Adeboye

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...